Spirax-Sarco Engineering plc (LON:SPX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPXGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 8,540.

Several research analysts have commented on SPX shares. UBS Group upgraded shares of Spirax-Sarco Engineering to a “buy” rating and boosted their price objective for the company from GBX 7,500 to £105 in a research report on Tuesday, October 28th. Shore Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. JPMorgan Chase & Co. raised their price objective on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Citigroup lifted their target price on Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 8,500 target price on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th.

View Our Latest Research Report on SPX

Spirax-Sarco Engineering Stock Down 0.6%

Shares of LON SPX opened at GBX 6,889.07 on Tuesday. The stock has a market capitalization of £5.08 billion, a P/E ratio of 31.30, a PEG ratio of 2.20 and a beta of 0.68. The stock’s fifty day moving average is GBX 6,923.12 and its 200 day moving average is GBX 6,597.16. Spirax-Sarco Engineering has a 52 week low of GBX 5,380 and a 52 week high of GBX 8,245. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25.

About Spirax-Sarco Engineering

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Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.

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Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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